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The acquisition of Jinling Cold Food Factory involves a small amount and will have no impact on the future development of the group.
Because the order was given directly by Yi Xiaohai, Wu Xinyu reported specifically to Yi Xiaohai.
He was looking for Yi Xiaohai because he had something more important to discuss.
In the future, Jingnan Department Store will take the route of a retail brand chain.
Daxi Supermarket, which has been acquired and is operating normally, is relatively small in scale and has average popularity.
The three supermarkets being prepared for acquisition also have similar flaws.
Even if you have four stores, you are just working alone, and it is difficult to form a brand effect in the short term.
Wu Xinyu also discussed with Yi Xiaohai to acquire a relatively large and well-known supermarket chain and then integrate it.
Nanguo Supermarket, a subsidiary of Nanjiang Provincial Food Corporation, came into their sight.
Nanguo has 9 supermarkets in the province and 4 in Jinling. It is backed by the Nanjiang Provincial Food Corporation. The store location is superior and the supply and logistics system is very complete.
At the same time, Nanguo also has a good reputation and a stable consumer group, and has formed a brand effect, making it the best choice for Jingnan Group.
Coincidentally, Nanjiang Provincial Food Corporation also intends to sell Nanguo Supermarket.
But the acquisition of Nanguo Supermarket and the acquisition of Daxi Supermarket are two completely different concepts.
In terms of store properties, logistics and distribution centers, brand value, etc., the valuations fluctuate greatly, and the amount involved is as high as 500 million, which requires Yi Xiaohai to make a decision.
"What is the plan given by the other party?"
"40% of the shares, 200 million yuan, plus 8% of the shares of Jingnan Department Store"
"They really dare to speak."
Jingnan Department Store has 3 billion US dollars in cash lying there, and 8% of the value is already more than 1 billion.
If Yi Xiaohai remembers correctly,
In 2002, Runhua Group spent 230 million yuan to acquire 39.25% of Nanguo¡¯s shares.
It is now 1999. After three years of development and inflation, the total value of Nanguo is 580 million. The other party is a bit too whimsical.
"I raised the issue of Jingnan Department Store's cash with the other party, but they didn't believe that we had US$3 billion on our books"
Actually, you can¡¯t blame others for not believing it.
It is estimated that no company in the world has $3 billion in cash sitting in its account.
¡°They also said that if you do retail business and have a certain number of outlets, your cash flow will be very sufficient and you don¡¯t need that much capital. A company account of US$200 million is enough¡±
"One more thing, Runhua Group is also negotiating with Nanguo Supermarket. This is also the reason why they offer a high price. They probably want to raise the price on the ground"
Yi Xiaohai attacked Nanguo in advance to avoid Runhua's intervention.
Unexpectedly, Runhua came to kill him.
"Have you given our plan to the person in charge of Nanguo Supermarket?"
"Give it"
"Okay, don't do anything for now. I'll ask about the plan from Runhua Group, and then I'll consider adjusting the acquisition plan."
Jingnan Department Store is the top priority of Yi Xiaohai's business empire, and the shares will definitely not be given casually.
And Nanguo Company¡¯s asking price is too high, and Yi Xiaohai will definitely not agree to it.
He has money, but he can¡¯t spend it arbitrarily.
But Yi Xiaohai still doesn¡¯t know that in addition to Runhua Group, there are others who are also eyeing Nanguo.
¡¡
Qin Junlong¡¯s residence in Jinling,
Sun Zhengtao, the president of TOF Group, respectfully handed Qin Junlong a document and then stepped aside.
If people from the group see it, they will be shocked.
Because they have never seen such a humble Sun Zhengtao.
"Master, the acquisition plan of Jingnan Department Store and Runhua Group"
Qin Junlong asked while flipping through the documents: "Did their negotiations with Nan Guo go smoothly?"
"The gap between Jingnan Department Store and Nanguo is relatively large, and there is not much progress. As for Runhua Group, it seems to be smoother. Nanguo has already held a meeting today to discuss."
Qin Junlong looked at the document and frowned:
"I looked at the acquisition plans of the two companies. The conditions offered by Runhua Group are not as good as those offered by Jingnan Department Store. How could Nanguo choose Runhua Group?"
"I heard that both parties are prefixed with the prefix "¹ú", and the higher-ups also intend to promote it. Runhua Group is also well-known in the retail industry. The proposed plan is a merger and acquisition, retaining Nanguo's independence and also getting shares of Runhua Group ¡¡±
Qin Junlong nodded, probably knowing who Nan Guo was.Why choose Runhua instead of Jingnan Department Store?
?Intuitively, the price given by Jingnan Department Store is 40 million higher, which is more favorable.
But from a strategic point of view, Runhua Group and Nanguo are more compatible. Nanguo can use the rich resources of Runhua Group to expand the provincial and even national markets.
¡°This is something that the newly established Jingnan Department Store cannot do.
¡°You should immediately contact Nanguo and increase the valuation of Nanguo based on the acquisition of Runhua Group, and at the same time lower the proportion of acquired shares¡±
Qin Junlong made a decision immediately.
He needs to stop Hu before Runhua reaches an agreement with Nanguo.
¡°Young Master, what Nanguo values ??may not be the price, but the resources. I guess it¡¯s difficult to just rely on the price advantage¡±
Qin Junlong nodded and acknowledged Sun Zhengtao's words: "Do you have any good suggestions?"
"It may be difficult for us to disrupt the cooperation between Nanguo and Runhua, because they value the bonus of 1+1 greater than 2, unless we provide better resources"
¡°Better resources?¡±
Qin Junlong could not think of it.
Tof has never been involved in retail, and does not have the resources to help Nanguo develop and grow.
He didn¡¯t understand what Sun Zhengtao meant.
"Young Master, what Nanguo only cares about is the future development prospects. We can draw a more grand blueprint for him, so that it will be attractive to them."
"Jalfort's domestic stores have encountered resistance from domestic retail companies. We have shares in the Galfort Group and can discuss with France to inject capital into the Galfort China Branch"
"We are negotiating with Nanguo in the name of Galfos China Branch. On one side are the domestic retail industry and on the other are the giants of the world's retail industry. I think Nanguo may choose us."
"We only need to get the shares of Nanguo and exchange them for the shares of Runhua Group"
Qin Junlong frowned:
"Leave aside the complexity of such an operation, Galfo may not necessarily agree to cooperate. They are all direct operators. Even if they agree to cooperate, Nanguo may not choose us"
"Young Master, our tof company does not have any advantages at present, we can only give it a try"
Qin Junlong was a little hesitant.
He didn¡¯t want to make it too complicated, but what Sun Zhengtao said was also true.
"Let's meet in the name of tof company first and see the other party's attitude. If it doesn't work, let's talk again"
Sun Zhengtao did not continue to persuade.
He is just a puppet, and Qin Junlong still makes the company¡¯s decisions.
Since the other party insists, there is no need for him to talk any more, so as not to annoy Qin Junlong and cause trouble.
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